Sub Contracts

To bring in the Sub Contract progress costs either:

• For each month an open a Sub Contract Claim per Subcontract for the month and update with the weekly measured value advised from the site. It will be assumed that this weekly update has been done prior to the running of the Weekly Costs snapshot.

or

• The Accrual Type of Subcontract may be used. If a cost needs to be accrued for a particular week's report it can be entered, on the same basis as the time accruals detailed previously.

The value of Subcontract transactions included in the Weekly Costs to Date will be:
Total Subcontract Claims with a Year / Period <= the Current Year / Period +
the sum of Cost Accrual transactions with Accrual Type of Subcontract with dates <= the Sunday cut-off date

The Subcontract Claim will be reconciled and adjusted when monthly the actual claim is received from the Subcontractor.